Global Social Sciences Review (GSSR) Vol. IV, No. II (Spring 2019) | Page: 283 – 290 China-Pakistan Economic Corridor (CPEC): Fostering the Trade, Investment and Economic Globalization Noor Fatima Chairperson, Department of International Relations and Political Science, International Islamic University Islamabad, Pakistan. Email: dr.noorfatima@iiu.edu.pk Asia Baig Demonstrator, Department of Economics, Abdul Wali Khan University, Mardan, KP, Pakistan. Burhan Ali Shah Assistant Professor, Quaid-i-Azam School of Management Sciences, Quaid-i-Azam University, Islamabad, Pakistan. Though the 21st century was considered hallmark economic globalization and trade partnership but recent developments of Brexit and President Trump's protective and anti- multilateral trading have challenged the established liberal consensus on economic globalization. This paper would argue that on the contrary the case of CPEC is the recent initiative from China and Pakistan which is giving boost to the new wave of economic Globalization as the economic corridor China projected the Belt and Road as a road to prosperity whereas isolation brings backwardness, will be more true with regard to CPEC. For Pakistan it is a game-changer as it is a framework of regional connectivity. CPEC will not only benefit China and Pakistan but will have positive impact on Iran, Afghanistan, India, Central Asian Republic, and the region. The enhancement of geographical linkages will further the economic globalization as against the anti- globalization moves. Introduction With the recent vote in European Union for existing of Britain and the election pledges of Donald Trump as President of United States of America for building wall and being proponent of anti- globalization drive, and these events are being termed end to globalization, and can be seen as reversal of the globalization process. This can be seen as first wave of de-globalization of this world due to inward-looking economic policies. However keeping this international development in view; this paper considers this move a flawed and would discuss the outward-looking economic policy as well as economic integration of Pakistan in the context of China Pakistan Economic Corridor between China and Pakistan. The original investment volume was $ 42 (billion) however it was increased firstly to 55 and now to $ 62 (billion) by 2017. The paper will address the questions as under: 1) What is the economic and geostrategic consequence of Pakistan China Economic Corridor? 2) How Gwadar phenomenon and Economic Zone develop regional Economic integration? 3) What are the economic potentials of CPEC to further the new wave of globalization through Foreign Investment and multilateral trade between Pakistan, China and other regions especially Central Asian and EU? This paper will discuss the Pakistan and China economic integration and trade partnership which generates the multi-lateral trade as cooperation between two countries economically results in a spill-over effect on other states. Though CPEC has not yet reached the conclusion, however it is speedy moving towards its completion and other countries are interested to become stakeholders of this economic integration. Key Words CPEC, Trade, Economic Development, Foreign Direct Investment, Globalization p-ISSN 2520-0348 | e-ISSN 2616-793X | L-ISSN 2616-793X | DOI: 10.31703/gssr.2019(IV-II).37 | URL: http://dx.doi.org/10.31703/gssr.2019(IV-II).37 Abstract